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is an aviation expert and former managing director of the ntsb. great to have the back of the show. in this case, no news is bad news really because it means we are no closer to figuring a what the problem is. so they're no closer to getting a split back in the air, right? >> you're absolutely correct. the announcement this morning from the transport ministry in japan was bad news. as was the press conference on friday by the ntsb where the chairman of the ntsb, did the herdsman's said, this was a safety flight issue. that is a very tough language and a phrase that is used that means that had the plane been in the air this could have caused some real problems, and the plan will not go back and tell they have cut this off completely. melissa: what about these reports we're hearing now that japan eased safety standards in order -- this seems like you would guess that it was in order to be a manufacturer of this plan or make it easier to get that contract in the country. what you make of that? >> there have been broader questions raised about the whole certification of this aircraft. when this airc
ntsb managing director has been following this story with us since the start and he is back now with this latest development. peter, i want to you to put your ntsb hat back on for a second here. if you find out that they knew that they had 10 batteries that had problems, that japanese airline told them they had to replace 10 batteries did they do something wrong by not disclosing it or by not addressing the problem right there? >> well here's the issue. it is not just 10 batteries. that is 10 batteries from one of the airlines the second airline using the japanese airline, using the dreamliner also had problems. they were not required to turn these events over to the regulator in japan or in the u.s. we have pages of regulations. this was seen as kind of a minor or normal maintenance issue. the real question is, both airliners reported their problems to boeing. they said we had to change out, in one case 10 batteries. in another case we don't know how many. the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batte
in question. for the latest on this ntsb request, let's go to dan springer. have they np >> no, they haven't. they have done the first level of investigation haven't been able to pinpoint the exact problems so going to a deeper level. as mentioned is not hurting the bottom line yet. just mentioned the company took in $81.7 billion in revenue, that is a record last year. it is not hurting the bottom line yet. the battery issues with the 787 did not sneak up on boeing but more details. replacing 10 of the lithium-ion batteries since may. half of them were due to low voltage. it is much higher as reported by source. reporting 100 batteries had to be replaced but not all of them suffered a failure. melissa: not confirm the number for me, but downplayed the whole issue saying batteries are replaceable unit on airplanes in the replace five or six per day. the company issued a statement saying we have not seen 787 battery replacements occurring as a result of a safety concern. the batteries are being returned because of our robust protection scheme shows no battery deeply discharged or improperly
there are things we don't know about yet. for example, after the event in boston last week immediately the ntsb had a fairly serious investigation involving the japanese. they had some inkling there was a problem with the battery system. what happened in japan later sealed the deal as far as a much more serious approach to this. melissa: as a passenger this makes me very concerned about a 787. do you think they will get the confidence back for flyers if they straighten out all the problems? how would you go about doing that. >> i think the key is team work. when you have problems in an aircraft like this or an existing model, the certifying organization faa, ntsb and others including the japanese who will work together on a solution. if that solution is one actually effective, if they're very transparent with what they're doing and how they're doing it i think public confidence will return. melissa: that sound like a long process. how long do you think these planes will be on the ground? >> hard to say. until they understand exactly what happened and until they understand what role if any the batte
the briefing from the ntsb, the expectation is never to see a fire aboard a airplane and keg sans of these events can't be understated -- significance. the lithium eye on battery experienced a thermal runaway and a fire and they're trying to figure out exactly why. the federal aviation administration grounded all the 787 dreamliner after the battery caught fire. another failure forced an emergency landing of a tokyo bound flight. transportation secretary ray lahood said government regulators are working with boeing to identify the battery problems. the problems with the 787 goes back to issues with suppliers and delays that pushed deliveries back years. we're still watching this briefing, trying to figure out if the ntsb can tell us anything more. as it stands now nothing on a timeline when the planes can start flying again or the precise reason why these batteries were catching on fire. back to you. ashley: rich, is there a separate investigation for each incident? we're just hearing about the one involving i guess this is the boston one, is that right? >> right, this is specific
limer is grounded. former ntsb director peter goelz tells us which saved issue concerns him most about the massive jet. perhaps perhaps even bigger, will the dreamliner ever fly again? tracy: that is crazy. republicans hunker down and plan their next move on the fiscal mess. whiffle they use the debt limit deadline as leverage to cut spending? ashley: here we go again. tracy: i know. ashley: time for stocks. as we mentioned the dow is up trip till digit sits as we do every fifth teen minutes let's head down to nicole on the floor of the new york stock exchange. what is going on? >> we're at session highs we've been seeing at the last 10 minutes or some dollar is lower. oil and gold moving higher. the vix moving back. majority of the dow components are well into the green. market breadth is stellar. 230 million to the upside. 104 lower. so you really doll have broad based buying underway. when i talk to some of the traders i'm hearing numbers on the s&p and 1500 and dow at 13,660. bank of america is down 4.25% today. the biggest loser on the dow jones industrials. what came out with ban
safety board says testing shows damage to the lithium ion batteries on boeing 787. the ntsb says further tests unnecessary and under way. will detail findings at a news conference to be held tomorrow. gold down $6 a half today, closing at 1686. oil also trading down, losing a dollar 45 remaining just above $95 per barrel. interest rates remain under 2% for the ten year. congress avoiding another fight on the debt ceiling after the house voted to approve a bill to extend the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee chairwoman saying that her committee will, indeed, draft a budget this year if adopted. the first time that the senate democrats have pass
coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long we are absolutely going to be bringing you the guests, the real entrepreneurial spirit. 1.8 million square feet. a lot of crowds, 3100 exhibitors. we won't know it if it is a record year. 780 wireless companies alone, a huge show, the biggest gathering of technology, entrepreneurs, celebrities of a companies all in the high-tech world which has gotten so big it comes to personal electronics. let's start with the floor show. last friday was a pretty good multiyear rally. what do you make of what is happening today? >> we start the earnings season after the close with alcoa, stocks are priced to perfectio
this issue and it is a scary one. melissa: peter, former managing director of the ntsb. we appreciate insight. some really good thoughts. we hope you come back. >> thank you. melissa: next on "money", when the rent gets too damn high in come the micro apartments. mini dwellings could take new york and other major cities by storm. one of the men building the dream joins us with all the little tiny details. at the end of the day it is all about money. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. woman: my first symptoms were... man: constant tingling in my toes. woman: my leg sometimes will go numb. woman: i had double vision. woman: they said, "you have multiple sclerosis." woman: well, the beginning is the hardest time. man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had to learn how
business network. back to melissa and lori. lori: thank you very much lauren. three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came in better than expected. it was largely due to a 10% drop. melissa: the latest news on the battery is just so tough. they have looked at it and said, we do not know what the problem is. that is almost the worst thing that can happen. they say they have not lost orders. it will be interesting to see how long that lasts. the pentagon warns that pay cuts are underway. fox news jennifer griffin is at the pentagon with the details. >> hi, alyssa. defense secretary panetta was we are not planning for sequestration. those deep across-the-board budget cuts appear inevitable. the looming deadline is march 1. ashton carter warned hundreds of thousands of pentagon civilian employees. the employees would lose one day of work per week throug
of tucson today conduct a test on the battery chargers. over the weekend, the ntsb released a statement saying the battery had not been overcharged. when you look at the picture of it, you can tell clearly that it was overheated. investigators will be there doing a number of tests to see if it was working properly. remember, in our boston fire, it was the backup battery that overheated and started a fire. the battery that overheated was near the front of the plane on a japanese flight. dagen: dan, it also seems that japanese and u.s. authorities have a different task when it comes to investigating these problems. they are going in different direction so they can cover all of the bases. they were made in japan by a company. a boeing source tells me the serial numbers of the two batteries that overheated are close together. that initial thought was it was a bad batch of batteries. that would be a good thing. that now appears less likely. investigators have not found any anonymously's. the investigation is focusing on the entire electrical system and how those lithium batteries factor in.
ntsb all up arrows antaeus and b 500 up 1/3%. we held on to this week's gains and the gains of 2013 so far. cheryl: thank you very much. see you at the top of the hour. hey cash only, may be the newest model from the vatican after the bank of italy pulled its authorization to accept credit cards and other a electronic payments from visitors there. according to bank official the vatican has not fully complied with the european union safeguards. money-laundering. a catch only operation also means visitors have to bring cash with them since cash machines have been totally set down. maybe that will be in his address this sunday. could this be the answer to ending the debt ceiling fight? liz macdonald ahead on a crazy debate over the platinum coin. as we go to break we will look at the winners on the nasdaq. the nasdaq is higher as is facebook, expedia and more. vo: this week at officemax everything you can fit in this bag is 20% off. saving 20% on everything your company needs. it's a big deal. check your december 30th sunday paper or print the coupon at officemax.com. cheryl: time for wes
Search Results 0 to 15 of about 16 (some duplicates have been removed)